Wide range vibration of pressure glass in the hott

2022-07-27
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In the first quarter, the domestic monetary policy continued to be loose and the real estate policy boosted the market, and the glass futures price showed a trend of rising and falling. Looking forward to the second quarter, the domestic monetary environment will remain loose and the real estate policy will be differentiated. However, it is expected that the overall monetary environment will remain loose and the decline in glass output will slow down. In May, the eastern region is in the plum rain season, and the de stocking pressure of glass spot will increase, which will suppress the futures price. The futures price of glass will tend to fluctuate in a wide range. The 1609 glass contract is expected to be dominated by range fluctuations

according to various economic data of the National Bureau of statistics in January, China's economy is still at the bottom, the downward pressure on the economy remains unabated, and the stabilization of the bottom still needs more support and stability. In February, China's Manufacturing Purchasing Managers' index (PMI) fell to 49%, the seventh consecutive month below the boom and bust line, hitting a new low for more than four years. In terms of foreign trade, the situation is still grim. In February, export performance hit a new low, import continued to decline but narrowed slightly, the surplus narrowed to 209.5 billion yuan, and domestic and foreign demand remained depressed. The monthly industrial, consumption and investment data released on March 12 were generally weaker than expected, and the growth rate of industrial and consumption showed a decline in varying degrees. In terms of investment, fixed asset investment increased steadily, and real estate investment significantly exceeded expectations, with a year-on-year increase of 3%, a sharp rebound compared with the end of last year, which played a significant role in driving the overall investment growth; Early policy support began to take effect, and there were signs of stabilization in the economic downturn

3 in the middle and late March, the three major central banks of Japan, the United States and the United Kingdom [microblog] successively announced interest rate resolutions, and no further action was taken. At the interest rate meeting in March, the Federal Reserve released a statement that the hawkish degree was not as expected by the market, but 5 of the 17 members of the open market committee of the Federal Reserve have publicly made hawkish remarks; There are risks in the global economy. The US economic data are mixed. The pace of the Fed's interest rate hike has slowed down, but it still tends to maintain the expectation of gradual interest rate hike. If the US economy picks up in the second quarter, the important node of the Fed's interest rate hike is in June. It is expected that the market's expectation of interest rate hike will rise moderately in the second quarter, which will suppress market risk appetite

according to the data of the National Bureau of statistics, the operating environment, scope of use and functional characteristics of the flat plate dynamic stiffness testing machine in January produced 120.23 million cases of glass, a year-on-year decrease of 1. 9%, which was significantly narrower than that in the fourth quarter of last year. As of March, there were 350 float glass production lines nationwide, with a total capacity of 12. 4.4 billion weight boxes; The actual number of normal production lines in production is about 219, and the operating rate of production lines is 62. 57%, with a production capacity of 8. 5.9 billion weight boxes, a year-on-year decrease of 1. 5%, and the capacity utilization rate is 69. 27%; The inventory of float glass was 34.79 million weight boxes, an increase of 2.24 million weight boxes compared with the beginning of this year, of which the inventory of white glass was 29.87 million weight boxes, an increase of 2.97 million weight boxes compared with the beginning of this year; Overall, it still faces the pressure of de stocking. The number of production lines under construction decreased by 3 compared with that at the beginning of the year, resulting in the continuous decline in the operating rate of production lines. A certain number of production lines are still under cold repair. With the gradual recovery of glass prices, some cold repair production lines in some regions will resume production. It is expected that the supply pressure in the second quarter will increase compared with that in the first quarter

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